sebi:WTM/AN/MIRSD/MIRSD-SEC-6/29693/2023-24
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Interim order restraining Noticees Nos. 1, 2 and 5 from dealing in securities, impounding proceeds, directing joint and several disgorgement of INR 17,20,76,616.09 collected through unregistered investment advisory activities, and calling upon Noticees to show cause.
Provisions invoked
- s. 11
- s. 19
- s. 12(1)
- s. 12A
Regulations
- Reg. 3
- Reg. 2(1)(l)
- Reg. 33
- Reg. 3(1)
- Reg. 35
Parties
- Mohammad Nasiruddin Ansari
- Rahul Rao Padamati
- Asif Iqbal Wani
- Tabraiz Abdullah
- Mansha Abdullah
- Vamshi Jadhav
Holding
The Noticees were prima facie acting as investment advisers without SEBI registration by providing investment advice for consideration under the guise of 'educational courses' and 'workshops', and were prima facie engaged in fraudulent and unfair trade practices by inducing investors with false assurances of guaranteed profits.
Full text
__________________________________________________________________________ In the matter of unregistered investment advisory activities by Mohammad Nasiruddin Ansari / Baap of Chart
__________________________________________________________________________ In the matter of unregistered investment advisory activities by Mohammad Nasiruddin Ansari / Baap of Chart
__________________________________________________________________________ In the matter of unregistered investment advisory activities by Mohammad Nasiruddin Ansari / Baap of Chart
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:WTM/AN/MIRSD/MIRSD-SEC-6/29693/2023-24. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.